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BankingMedium impactPre-market

Fitch assigns Punjab & Sind Bank first-time 'BBB-' rating

pre-market1 source ↓machine-written, see hownot a recommendation

Punjab & Sind Bank received its first credit rating from Fitch Ratings on 5 Oct 2026, with a Long-Term Issuer Default Rating (IDR) of 'BBB-' and a Stable Outlook. The bank also secured a Government Support Rating (GSR) of 'bbb-' and a Viability Rating (VR) of 'bb'. This rating aligns the bank with India's sovereign credit rating, reflecting strong government backing.

The rating may enhance investor confidence and support the bank's funding costs, potentially improving its market position in the banking sector.

Not investment advice. For informational purposes only.

This bulletin was generated by OI Charts' system from the sources listed here and from OI Charts market data, and was published without individual review. Read how bulletins are made or report an error. OI Charts is not a SEBI-registered investment adviser or research analyst. This is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 6 Oct 2026, 07:10 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

PSB closed +0.1% on the day of the news, from ₹21.02 to ₹21.05; Nifty +1.0% over the same session.

Bulletin at 07:10 IST on 6 Oct 2026. Every change is measured from ₹21.02, the last close before it, on 5 Oct. Nifty 50 is measured over the same sessions.

  • PSB close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
PSB closes around the bulletin against the close before the news, with Nifty 50 rebased to it19.4121.0222.63axis spans 17%before the news · 5 Oct21.02Nifty 50PSBbulletinD0+1+3+528 Sept7 Oct14 OctReference close ₹21.02. 12 sessions from 28 Sept to 14 Oct; the price axis spans 17 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before5 Oct₹21.02basebase
On the day6 Oct₹21.05▲ +0.1%▲ +1.0%−0.8 pp difference
+1 session7 Oct₹21.06▲ +0.2%▲ +0.2%0.0 pp difference
+3 sessions9 Oct₹21.01▼ −0.1%▼ −0.2%+0.1 pp difference
+5 sessions13 Oct₹21.25▲ +1.1%▲ +0.7%+0.3 pp difference
Gap at the open, % · ₹
▲ +0.3%+0.07 on 6 Oct
Day's range, % · ₹
1.0%≈ 0.21 high to low
Volume on the day
0.62×the 20-session average
Futures OI on the day
—
Futures OI open, lots
—
Futures premium, ₹
—
Puts per call, by OI
—
Max pain
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